The central bank’s decision to keep rates steady also suggested that its campaign of rate increases might be over, rendering a rate peak of 5%. … READ MORE >
Blog
Financial conditions and the cost of doing business: A webinar from RSM US and the U.S. Chamber of Commerce
Join RSM Chief Economist Joe Brusuelas and U.S. Chamber of Commerce Executive Vice President Neil Bradley on Monday, Sept. 25, at 1 p.m. eastern for a wide-ranging conversation on America’s real economy. … READ MORE >
Tech layoffs calm, but tech jobs still take a hit
Artificial intelligence advancements continue to be a primary source of optimism for the technology ecosystem and a partial counterbalance to challenges in media and entertainment. … READ MORE >
Canada’s economy contracts as higher interest rates take a toll
Gross domestic product fell by 0.2% in the second quarter, according to data released by Statistics Canada on Friday. On a monthly basis, GDP fell by 0.2% in June after a 0.2% increase in May. … READ MORE >
Contraction in manufacturing eased in August
The manufacturing purchasing managers’ index rose to 47.6 in August, up from 46.4, but remained under the 48.7 that is considered neither an expansion or contraction. … READ MORE >
U.S. August jobs report: Labor market continues to cool
In August, the U.S. economy added 187,000 jobs and the unemployment rate settled in at 3.8%, according to Labor Department data released on Friday. … READ MORE >
Personal spending grows hot in July as inflation stabilizes
American consumers remained in the position of strength when it came to spending and income growth this summer as inflation stabilized further and the labor market stayed resilient. … READ MORE >
5 things to know in life sciences: Week of Aug. 28, 2023
Each week we highlight five things affecting the life sciences industry. Here’s the latest. … READ MORE >
RSM US Manufacturing Outlook Index: Signs of a bottom
Only two of the five manufacturing centers surveyed by regional Federal Reserve banks, New York and Dallas, reported substantial declines Philadelphia and Kansas City reported substantial increases, while Richmond had a slight increase. … READ MORE >
Job openings drop to lowest in more than two years
Job openings fell to 8.8 million in July, staying under 9 million for the first time since March 2021, according to the Bureau of Labor Statistics on Tuesday. … READ MORE >